Political issues continue to heat up. After stepping a long way, announcing to become a leader in establishing the government But there is still uncertainty in the support. As a result, the Thai stock market continued to decline. Especially foreigners who sell out first to wait to see the clarity. At the same time, power plants stock and construction contractors Including groups involved in state concessions. They are united in adjusting down from the policy of moving forward to eliminate big capitalists. and encourages small businesses to play a role and become more competitive
Natthaphon Kamthakrua, Director of Investment Analysis Department, Yuanta Securities (Thailand) revealed to Krungthep Turakij that Thailand’s stock market has fallen significantly. Compared to the regional market during the last Friday (May 19, 2023), it has increased. But in our country, the cause is caused by domestic factors in terms of politics. As a result, foreigners continuously sold out. By starting to sell out on May 9, ’23 to wait to see the clarity of the government organization And if you look this year (2023) to the present, foreigners have sold more than 7.9 billion baht.
However, that can be seen in past elections Most of the time, stocks tend to rise. But this time the stock came up after the vote. Especially this time, the other side has come to form a government. Therefore, it is different from the year 2019, which was supported by the Senator on the other side. that may have to win together Causing investors to lose quite a bit of pressure, but believe in the end, on the day the prime minister has to vote, it will be much better.
However, the fact that the Progressive Party has risen to number 1 is something that many parties have not overlooked. But one of the policies that the Progressive Party wants to destroy capital groups As a result, since May 15, 2023, investors are worried and therefore want to reduce the risk. But still can’t see the picture whether it can be done or not. or do it fast or slow As a result, they were unable to evaluate each other, so they gradually poured and sold each other.
Although there are stocks that have been sold out over the past week It will be large stocks, most of them concession stocks that are not just power station But there are also transport groups. The communications group was also affected, while contractor stocks such as STEC have plunged since May 15, while CK was disappointed with the budget 1/23 earlier.
However, the key thing on Monday (May 22, 2023) with the follow-up to the Memorandum of Understanding and on Tuesday, May 23, 2023, there will be a special meeting of the High Council or the Senator It will reflect more whether to agree or disagree to run if the numbers of the Senator Supporting the party moving forward by more than 23 votes, the market is expected to go in a positive direction. because he will be able to form more governments But if there are no more than 23 votes, the Electoral Commission may have to consider the ITV media of Kao Klai Party leader Pita Limcharoenrat as well.
Watan Jitsomnuek, Director of Strategic Analysis Department, Pai Securities, gave additional information that since the Kao Klai Party announced that it was the leader in forming a government since May 15, 2023, the stock market has decreased to some extent. If since before the election day, May 12, 2023, to May 19, 2023, the Thai stock market has fallen by about 2.8%, especially power plant stocks that have fallen. of a policy that moves forward with a plan to reduce electricity bills to help people So the weight of this group. The construction group There was a significant decline. In this group, investors are concerned about wages. The Kao Klai Party wants to increase the minimum wage to 450 baht, while our minimum wage is 330 baht. If there is a big increase, it will affect small and medium businesses as well.
“Krungthep Turakij” has inspected power plant stocks. and the group of contractors who are O before the election on May 12, 2023 to when announcing as leader when forming a government (May 15, 2023) until May 19, 2023, how much did these two groups of stocks fall?
1. Gulf Energy Development Public Company Limited or GULF
- Market cap 563,191.20 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 52.50 baht
- Price from May 19, 2023 for 47.50 baht
- change, a discount of 5.00 baht or -9.52%
2. Energy Absolute Public Company Limited or EA
- Market cap 240,585.00 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 67.50 baht
- Price from May 19, 2023 for 64.50 baht
- Change 3.00 baht or -4.44%
3. Global Power Synergy Public Company Limited or GPSC
- Market cap 167,773.90 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 62.75 baht
- Price as of May 19, 2023 is 58.75 baht
- Change 4.00 baht or -6.37%
4. B.Grimm Power Public Company Limited or BGRIM
- Market cap 97,758.75 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 39.50 baht
- Price from May 19, 2023 for 37.00 baht
- Change 2.50 baht or -6.32%
5. RATCH Group Public Company Limited or RATCH
- Market cap 79,387.50 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 38.50 baht
- Price from May 19, 2023 for 36.00 baht
- Change 2.50 baht or -6.49%
6. Electricity Generating Public Company Limited or EGCO
- Market cap 75,810.96 million baht (19 May ’23)
- Pre-election price, 12 May ’23 for 152.00 baht
- Price from May 19, 2023 for 141.50 baht
- Change 10.50 baht or -6.90%
7. Banpu Power Public Company Limited or BPP
- Market cap 41,449.15 million baht (19 May ’23)
- Price before the election 12 May 2023 at 14.00 baht
- Price from May 19, 2023 for 13.70 baht
- Change 0.30 baht or -2.14%
8. CK Power Public Company Limited or CKP
- Market cap 30,729.07 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 3.82 baht
- Price as of May 19, 2023 is 3.68 baht
- Change 0.14 baht or -3.66%
9. Gunkul Engineering Public Company Limited or GUNKUL
- Market cap 29,490.00 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 3.82 baht
- Price from May 19, 2023 at 3.30 baht
- A change of 0.52 baht or -13.61%
10. BCPG Public Company Limited or BCPG
- Market cap 26,028.12 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 9.40 baht
- Price from May 19, 2023 is 8.85 baht
- Change 0.55 baht or -5.85%
Although the top 10 contractors are:
1. CH Karnchang Public Company Limited or CK
- Market cap 34,216.72 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 22.40 baht
- Price from May 19, 2023 for 20.40 baht
- change, a discount of 2.00 baht or -8.92%
2. Tipco Asphalt Public Company Limited or TASCO
- Market cap 31,093.72 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 20.40 baht
- Price from May 19, 2023 at 19.10 baht
- Change, down 1.30 baht or -6.37%
3. Sino-Thai Engineering and Construction Public Company Limited or STEC
- Market cap 14,488.51 million baht (19 May 2023)
- Pre-election price, 12 May ’23 at 12.20 baht
- Price from May 19, 2023 is 9.25 baht
- change, a discount of 2.95 baht or -24.18%
4. Italian-Thai Development Public Company Limited or ITD
- Market cap 7,391.82 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 1.50 baht
- Price as of May 19, 2023 is 1.37 baht
- The change decreased by 0.13 baht or -8.66%
5. STP and I Public Company Limited or STPI
- Market cap 5,914.39 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 4.02 baht
- Price from May 19, 2023 for 3.50 baht
- The change decreased by 0.52 baht or -12.93%
6. Unique Public Engineering and Construction Company Limited or UNIQ
- Market cap 3,761.94 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 3.66 baht
- Price from May 19, 2023 for 3.40 baht
- The change decreased by 0.26 baht or -7.10%
7. Sriracha Construction Public Company Limited or SRIcha
- Market cap 2,386.07 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 7.75 baht
- Price from May 19, 2023 for 7.55 baht
- The change decreased by 0.20 baht or -2.58%
8. Pylon Public Company Limited or PYLON
- Market cap 2,939.50 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 4.04 baht
- Price as of May 19, 2023 is 3.92 baht
- The change decreased by 0.12 baht or -2.97%
9. Seafco Public Company Limited or SEAFCO
- Market cap 2,588.98 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 3.74 baht
- Price as of May 19, 2023 is 3.48 baht
- The change decreased by 0.26 baht or -6.95%
10. Triton Holding Public Company Limited or TRITN
- Market cap 1,557.86 million baht (19 May ’23)
- Pre-election price, 12 May ’23 at 0.15 baht
- Price as of May 19, 2023 at 0.14 baht
- The change decreased by 0.01 baht or -6.66%
